--%>
Assignment Help - homework help

Median Relative Income Measurement

A family which has income greater than half the median incomes of other American families, although less than twice which median income, is categorized by the Department of the Census as: (1) impoverished. (2) low relative income. (3) working class. (4) middle relative income. (5) high relative income.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Most efficient production technique of

    Refer to the given data give the answer of following question. In view of the indicated resource prices, the economically most efficient production technique(s) is (are) technique(s): A) #1. B) #2 and #4. C) #3. D) #1 and #3.

    Q : Right-to-Work Laws-agency shop I have a

    I have a problem in economics on Right-to-Work Laws-agency shop. Please help me in the given question. In states with right-to-work laws, non-union members can’t ‘free-ride’ when the union negotiates a/an: (1) Closed shop. (2) Open shop. (3) Union sh

    		•
  • Q : Determine possibly accurate order of

    Which of the given in lists of taxes or taxed goods is possibly in accurate order from most backward-shifted to most forward: (w) Tobacco, property, general sales and payroll. (x) Land, payroll, tobacco and property. (y) Tobacco, payroll, corporate in

    		•
  • Q : Short Run-At least one resource is fixed

    Can someone please help me in finding out the accurate answer from the following question. In short run: (1) The quantities of all firm’s resources are variable. (2) Managers are less proficient than they are in long run. (3) At least one of the resources is fix

    		•
  • Q : Total variable costs in monopolistic

    When this firm produces 5,000 units of output monthly in this demonstrated figure, in that case its total variable costs equal as: (w) $75,000 per month. (x) $15,000 per month. (y) $18,000 per month. (z) $3,000 per month.

    Q : Burgeoning probably interest rate The

    The interest rate will most likely rise when: (1) households decide to delay consumption, causing the loanable funds accessible for business investments to raise. (2) investors become more optimistic into relation with the profitability of investment.

    		•
  • Q : Implicitly weigh marginal cost and

    implicitly weigh marginal cost and marginal benefit

    		•
  • Q : Elasticity and profit maximization An

    An imperfectly competitive firm can maximize profit within the long run only at prices and also outputs where demand elasticity is: (w) greater than or equal to 1. (x) less than 1. (y) less than 0. (z) between 0 and 1.

    Q : Profit-maximizing price and output

    Unlike a purely competitive firm, a monopolist can: (w) select a price and sell as much as this needs (x) equate marginal revenue as well as marginal cost to maximize profits. (y) produce any required amount and sell as much as this d

    		•
  • Q : Problem on quantity of Whopper Slushees

    When Adam Smith’s invisible hand executed with no government intervention, this market would be in equilibrium and quantity of Whopper Slushees demanded the quantity supplied would be equivalent at: (i) Price P1. (ii) Quantity Q1. (iii) Price P3. (iv) Quantity Q

    		•